All Hell Is Breaking Loose (Huge Clarity Update)

[00:01] before the August recess. >> Yeah. Big things are happening behind the scenes. The Clarity Act getting new life today. It started late last night sure you follow us on X. It takes me hours to create a YouTube video updating

[00:18] you. It takes me seconds to send out a tweet updating you. And late last night the news broke. The White House has reportedly agreed on an ethics package for the Crypto Clarity Act. If true, this would be a huge piece of news. As

[00:35] you remember, one of the biggest roadblocks for the Clarity Act, the Democrats saying ethics standards needs to be added, has all of a sudden been originally reported by journalist

[00:49] Eleanor Turett, who then today confirmed, "I am hearing from multiple industry sources that the White House has agreed on an ethics package on the Clarity Act and sent the language to certain Senate Republicans this

[01:03] afternoon." Finally, it looks as if clarity is closer than ever to passing at this point. As just today US Treasury Secretary Scott Bessent proudly

[01:15] announces to the press the Crypto Clarity Act is now at the one yard line, Clarity Act is now at the one yard line, meaning we're 99% there. In fact, odds of the Crypto Clarity Act passing in 2026 are surging on prediction markets

[01:31] up to 57%. Again, let your friends know about this. The people that used to follow crypto might be impressed to hear that a key obstacle holding up the Crypto Clarity Act appears to be moving out of the way.

[01:48] Democrats demanded stronger ethics rules over concerns that President Trump and his family could benefit from their crypto interests. Trump has now reportedly accepted provisions covering conflicts of interests, greater

[02:02] disclosure requirements, and stronger investor safeguards. Meaning, and if it is true that that issue is addressed, lawmakers can move forward with revised crypto text. Republicans are largely on board. Democrats support is growing, and

[02:18] the crypto industry has waited long enough for clear rules. It's time to get the Clarity Act passed. Guys, smash the like button if you agree with this. Now, one of the proposed ethics changes in the new text is that the DOJ will

[02:34] enforce instead of state attorney generals. I'll let Senator Kevin Cramer update you on what's going on with the Clarity Act today, and I remain hopeful, get this done in my view before the

[02:49] there." >> So, it's getting a little clearer, the Clarity Act, as each little issue gets dealt with. Right now, I think the the to read the new amendments that have been negotiated. Some of them relevant

[03:04] to the ethics piece of it, which you heard Cynthia talk about a little bit, I think in that interview last week. It sounds like there's some agreement that the Department of Justice would be the prevailing

[03:17] the world to me. I mean, I think Democrats would rather have state's think that creates too disparate a situation to have the clarity that the industry needs. Certainly, some of the stuff as it relates to the securities

[03:33] challenging. The industry doesn't like that. They they they would rather have decentralized be decentralized. That being the definition. All of these things are nuanced, obviously, in in

[03:48] there. Maria, I don't know that we get to it this week, but remember the the Senate is in session for a couple of more weeks past this one. I know the house is done this week, but um we do have a couple of more weeks, but I'm

[04:01] with Cynthia. We have to get this done in my view before the August recess. >> Yeah, yet at this point it remains unclear whether the crypto clarity act will pass. What do you think? Trump's legacy as crypto president is being put

[04:16] legacy as crypto president is being put to the test. Can he get the clarity act to the finish line? Let me know what you think. And at this point we have now just 13 working days left. Again, it

[04:29] needs to hit the Senate floor next week before the August 10th through September 11th recess begins. Everything comes down to this. And there is so much room to grow if and when this passes. Understand that pre-clarity, where we

[04:44] are right now, the industry has about 340 billion in stable coins and tokenized assets. That's still about 40 billion less than the 380 billion in assets held by just one single platform, Robinhood. So, there's a lot of room to

[05:00] grow here. And with the genius act already passed, and if the clarity act already passed, and if the clarity act does pass, these two pro-crypto bills coming together will make crypto explode, will make liquidity in crypto

[05:13] explode. The co-founder and CEO of Anchorage describes >> We're 99% there. >> I spent a a day on the hill this week, uh just kind of talking with a people across the aisle about how

[05:26] basically genius has been I think huge for crypto, has been huge for the the stable coin movement. Really the next unlock for genius and for crypto at large actually is for the clarity act to pass. Genius act has uh standardized

[05:38] what stable coins need to look like. Uh but now we need the roads and we need that infrastructure to get built across um banks, broker dealers, fintechs, uh remittance players, all these other

[05:50] they have 10, 20-year time horizons where they can have this technology, uh, is the Clarity Act, uh, to make sure they can move forward. And I think that both sides of the aisle. >> Hey, if you're interested in making

[06:03] money in crypto, make sure you subscribe to Altcoin Daily. We are the largest crypto community in the world. Let me show you what else is happening with crypto behind the scenes. Bullish BlackRock withdraws 1,700 Bitcoin worth

[06:19] 120 million from Coinbase. They've been buying for five consecutive days. Now they're withdrawing. So they were buying as extreme fear was still in crypto. So

[06:31] many people wish they would have bought when Bitcoin was in extreme fear so much when Bitcoin was in extreme fear so much last bear market. Meanwhile, Russia just today has signed into law their version of a crypto clarity act. So the biggest

[06:46] headwind for Bitcoin, crypto, and probably all risk assets at this point probably all risk assets at this point is the Iran war as it seems the American people have no idea whether Trump can wind this down or if this is just going

[07:01] to keep lasting forever. I mean, this was him just today on what comes next >> Mr. President, there are no signs that Iran is ready to stop fighting. So so what is the plan? Is the plan to just keep bombing until they give up?

[07:15] don't know? >> Well, they continue to attack our allies scenes that they want to meet desperately to try and end it because they're getting decimated. You don't get that when you listen to your fake

[07:28] uh, you don't know you don't know anything. >> I don't know? Do you know something I don't know? >> Uh, I will tell you they want to desperately meet. And until they're

[07:42] ready to meet in a meaningful way, we have no interest in even >> So, a lot of volatility happening in Bitcoin and crypto right now. Despite all of the still fear, uncertainty, and doubt, Bitcoin today rallied to almost

[07:56] 67,000 dollars. This is the part of the cycle they're sidelined. >> Is it? Because I kind of agree more with Income Shark here. Still think the anxiety is on the bulls here because

[08:10] another failed rejection or weak breakout gets really exhausting and feels capitulatory. A large breakout candle with volume is needed for FOMO and sidelined anxiety, in my opinion. Definitely starting to look better

[08:23] though. So, yeah, Bitcoin is up here, but we're at major resistance right here, which used to be support, now is resistance, which has failed before. So, we're still seeing a lot of rotation without expansion. We really need to see

[08:36] major volume, major capital coming in. >> For me, personally, 73,000 dollars is a point where if we can maintain above 73,000 dollars, I would get very, very bullish. And bottom signals continue to stack up. Bitcoin price alert. This is

[08:54] only the third weekly bullish divergence on record. 1 2 3 bullish divergence, bullish divergence, bullish divergence. Both prior instances marked absolute

[09:06] bottoms, here and here. The third just fired. What about this? Bitcoin fired. What about this? Bitcoin percentage supply in profit. Wow, this Bitcoin signal predicted every bear market bottom in history, and it's

[09:20] market bottom in history, and it's flashing again right now. Interesting. We're going to keep you updated on everything Bitcoin, Ethereum, Solana, crypto, Clarity Act, everything. Make sure you're following us on X for by the

[09:32] second updates on what's going on in crypto. Make sure you're following us on YouTube for daily videos on everything going on in the space. I am very bullish on what comes next for crypto and most people just don't realize.

[09:48] My name is Aaron. This is Altcoin Daily. See you tomorrow, my friends.